Is Richmond, ME a good place to invest in rental property?

Richmond, ME has a median modeled monthly cash flow of $-1,379 and a median cap rate of 2.0%, on a median sold price of $331,500. Prices changed -3.9% year over year.

What is the average cap rate in Richmond, ME?

The median cap rate across recently sold homes in Richmond, ME is 2.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Richmond, ME?

The median sold price in Richmond, ME is $331,500 (about $220 per square foot).

Investing in Richmond, ME Real Estate

A data-driven snapshot of the Richmond, ME rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$331,500Median sold price

$220Median $/sqft

2.0%Median cap rate

$-1,379Modeled cash flow / mo

-3.9%Appreciation YoY

6.7Months of supply

25Active listings

45Sold (last 12 mo)

What the Richmond numbers say

In Richmond, ME, the median home sold for $331,500 (about $220 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-1,379 of monthly cash flow. Sold prices moved -3.9% over the past year. Inventory sits at about 6.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Maine markets to compare

See Richmond cash-flowing listings

CashFlowRE ranks every for-sale home in Richmond, ME by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Richmond deals, or browse the national market data.